UK FCA Targets Illegal Crypto P2P Trading in Nationwide Raids
The UK's Financial Conduct Authority conducted nationwide raids against illegal peer-to-peer crypto trading operations to curb financial crime risks.Summary
The UK’s Financial Conduct Authority (FCA), in collaboration with HM Revenue & Customs and regional crime units, raided eight locations suspected of facilitating illegal peer-to-peer (P2P) crypto trading. The operation aimed to shut down unregistered trading activity, which the FCA states currently lacks authorization under the country’s anti-money laundering regulations. Authorities issued cease-and-desist notices to stop these operations immediately while gathering evidence for ongoing criminal investigations. This crackdown reflects the FCA's intensifying focus on the sector, signaling that unregulated crypto trading will face enforcement measures similar to those in traditional finance as the UK prepares for its broader 2027 crypto regulatory framework.
(Source：Cointelegraph)